About GrowGeneration
GrowGeneration is a company based in Pueblo (United States) founded in 2008 by Darren Lampert.. GrowGeneration has raised $2.01 million across 10 funding rounds from investors including Gotham Green Partners, Merida Capital Partners and Navy Capital. The company has 306 employees as of December 31, 2024. GrowGeneration has completed 29 acquisitions, including Agron, Aquarius Hydro and Big Green Tomato. GrowGeneration offers products and services including Nutrients and Supplements, LED Lighting Fixtures, Grow Media, and Irrigation Supplies. GrowGeneration operates in a competitive market with competitors including Agro.Club, Gavilon, iPower, Yard Mastery and Buce Plant, among others.
- Headquarter Pueblo, United States
- Employees 306 as on 31 Dec, 2024
- Founders Darren Lampert
- Stage Public
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Growgeneration Corp.
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Annual Revenue
$188.87 M-16.39as on Dec 31, 2024
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Net Profit
$-49.51 M-6.48as on Dec 31, 2024
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EBITDA
$-22.7 M-87.59as on Dec 31, 2024
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Total Equity Funding
$2.01 M (USD)
in 10 rounds
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Latest Funding Round
$12.8 M (USD), Post-IPO
Jun 26, 2019
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Investors
Gotham Green Partners
& 2 more
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Employee Count
306
as on Dec 31, 2024
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Investments & Acquisitions
Agron
& 28 more
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IPO & Listings of GrowGeneration
GrowGeneration is a publicly listed company on the NASDAQ with ticker symbol GRWG in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of GrowGeneration
GrowGeneration offers a comprehensive portfolio of products and services, including Nutrients and Supplements, LED Lighting Fixtures, Grow Media, and Irrigation Supplies. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Products that enhance plant growth and health through essential nutrients.
Energy-efficient lights designed for optimal indoor plant cultivation.
Materials like coco coir for supporting hydroponic and soilless growing systems.
Tools for efficient water filtration and fertigation in gardening setups.
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Funding Insights of GrowGeneration
GrowGeneration has successfully raised a total of $2.01M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $12.8 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $12.8M
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First Round
First Round
(27 Mar 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Post-IPO - GrowGeneration | Valuation |
investors |
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| May, 2018 | Amount | Post-IPO - GrowGeneration | Valuation |
investors |
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| Jan, 2018 | Amount | Post-IPO - GrowGeneration | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GrowGeneration
GrowGeneration has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Gotham Green Partners, Merida Capital Partners and Navy Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are focused on global cannabis enterprises.
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Founded Year | Domain | Location | |
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Manages a long/short equity hedge fund for strategic investment opportunities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GrowGeneration
GrowGeneration has strategically engaged in corporate development activities, having acquired 29 companies. Notable acquisitions include Agron, Aquarius Hydro and Big Green Tomato. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform offering hydroponics equipment and accessories for commercial and home growers
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2021 | ||||
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Crop protection and management products are provided for agriculture.
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2019 | ||||
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Hydroponics and garden products are supplied and wholesaled commercially.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GrowGeneration
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Growgeneration Comparisons
Competitors of GrowGeneration
GrowGeneration operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Agro.Club, Gavilon, iPower, Yard Mastery and Buce Plant, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of an online agricultural marketplace for connecting growers, suppliers and crop purchasers
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| domain | founded_year | HQ Location |
Online marketplace for agriculture products
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| domain | founded_year | HQ Location |
Online retailer offering hydroponic equipment and supplies
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| domain | founded_year | HQ Location |
Sells fertilizers, soil tests, and apps for DIY lawn care maintenance.
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| domain | founded_year | HQ Location |
Offers online sales of aquarium plants and aquascaping gear to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Growgeneration
Frequently Asked Questions about GrowGeneration
When was GrowGeneration founded?
GrowGeneration was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is GrowGeneration located?
GrowGeneration is headquartered in Pueblo, United States. It is registered at Pueblo, Colorado, United States.
Who is the current CEO of GrowGeneration?
Darren Lampert is the current CEO of GrowGeneration. They have also founded this company.
Is GrowGeneration a funded company?
GrowGeneration is a funded company, having raised a total of $2.01M across 10 funding rounds to date. The company's 1st funding round was a Post-IPO of $9M, raised on Mar 27, 2014.
How many employees does GrowGeneration have?
As of Dec 31, 2024, the latest employee count at GrowGeneration is 306.
What is the annual revenue of GrowGeneration?
Annual revenue of GrowGeneration is $188.87M as on Dec 31, 2024.
What does GrowGeneration do?
GrowGeneration was founded in 2008 and is headquartered in Pueblo, United States. Operations focus on online retail within the agricultural inputs sector, where hydroponic systems, plant growth media, extraction equipment, greenhouse tents, and plant care products are supplied. Solutions are provided to both home growers and commercial farmers through this e-commerce platform.
Who are the top competitors of GrowGeneration?
What products or services does GrowGeneration offer?
GrowGeneration offers Nutrients and Supplements, LED Lighting Fixtures, Grow Media, and Irrigation Supplies.
Is GrowGeneration publicly traded?
Yes, GrowGeneration is publicly traded on NASDAQ under the ticker symbol GRWG.
How many acquisitions has GrowGeneration made?
GrowGeneration has made 29 acquisitions, including Agron, Aquarius Hydro, and Big Green Tomato.
Who are GrowGeneration's investors?
GrowGeneration has 3 investors. Key investors include Gotham Green Partners, Merida Capital Partners, and Navy Capital.
What is GrowGeneration's ticker symbol?
The ticker symbol of GrowGeneration is GRWG on NASDAQ.